Ch 1 Lesson 1 Vocab

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Across
  1. 4. The study of how people choose to use their limited resources to satisfy unlimited wants
  2. 5. System used to manage limited resources for the production, distribution, and consumption of goods and services
  3. 6. Condition that results because people have limited resources but unlimited wants
  4. 8. Compare the costs of an action with the benefits of that action
Down
  1. 1. Branch of economics that uses objective analysis to find out how the economy works
  2. 2. Motivates a person to take a course of action
  3. 3. Branch of economics that applies value judgements to data
  4. 7. Exchange of one benefit or advantage to another